Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK - 2023
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK (CIF) - 2023
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK (FOB) - 2022
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK (CIF) - 2023
In December 2023, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,990 per ton, surging by 15% against the previous month. In general, the import price, however, continues to indicate a noticeable setback. Over the period under review, average import prices reached the peak figure at $2,581 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($4,158 per ton), while the price for China ($1,422 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK (FOB) - 2022
In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,272 per ton, with a decrease of -7.4% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 19%. The export price peaked at $1,920 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,311 per ton), while the average price for exports to Lithuania ($705 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK
In 2022, approx. 13K tons of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses were imported into the UK; which is down by -16.1% on the previous year's figure. In general, imports showed a abrupt slump. The smallest decline of -7.6% was in 2021.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses fell to $32M in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 0.5%.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.4 | 6.0 | 7.1 | 9.8 | 15.3% |
| South Korea | 4.2 | 3.6 | 6.7 | 7.6 | 21.9% |
| France | 14.3 | 11.2 | 3.2 | 6.8 | -21.9% |
| United States | 1.8 | 0.9 | 0.9 | 2.1 | 5.3% |
| Germany | 5.5 | 4.9 | 2.9 | 1.9 | -29.8% |
| Belgium | 4.5 | 2.9 | 7.0 | 1.2 | -35.6% |
| Estonia | N/A | 0.1 | 0.6 | 0.3 | 73.2% |
| Taiwan (Chinese) | 1.1 | 0.8 | 0.8 | 0.3 | -35.2% |
| Others | 3.0 | 1.9 | 3.1 | 1.6 | -18.9% |
| Total | 40.6 | 32.2 | 32.3 | 31.8 | -7.8% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to the UK in 2022:
- China (5.1K tons)
- South Korea (3.0K tons)
- France (2.3K tons)
- United States (0.7K tons)
- Germany (0.5K tons)
- Belgium (0.4K tons)
- Estonia (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK
In 2022, overseas shipments of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses were finally on the rise to reach 5.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a slight slump.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses surged to $6.7M in 2022. Over the period under review, exports, however, recorded a perceptible reduction.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 1,459 | 2,299 | 1,789 | 1,262 | -4.7% |
| Netherlands | 1,000 | 539 | 33.2 | 603 | -15.5% |
| Germany | 313 | 280 | 116 | 506 | 17.4% |
| Ghana | N/A | 15.4 | 187 | 335 | 366.4% |
| South Africa | 31.1 | 627 | 11.6 | 288 | 110.0% |
| France | 359 | 337 | 416 | 195 | -18.4% |
| Norway | 1,523 | 109 | 1.3 | 182 | -50.7% |
| New Zealand | 87.0 | 81.9 | 306 | 109 | 7.8% |
| Italy | 649 | 764 | 348 | 101 | -46.2% |
| Nigeria | 35.7 | 163 | 217 | 91.1 | 36.7% |
| Lithuania | 159 | 237 | 271 | 12.1 | -57.6% |
| Kenya | 191 | 77.1 | 17.4 | N/A | -69.8% |
| Uganda | 128 | 184 | 46.3 | N/A | -39.9% |
| Others | 1,167 | 1,306 | 1,913 | 2,999 | 37.0% |
| Total | 7,101 | 7,018 | 5,673 | 6,685 | -2.0% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from the UK in 2022:
- Ireland (1400.1 tons)
- Netherlands (395.2 tons)
- Ghana (321.0 tons)
- South Africa (301.3 tons)
- Germany (190.0 tons)
- Norway (150.0 tons)
- Nigeria (82.5 tons)
- Italy (78.3 tons)
- New Zealand (74.8 tons)
- France (59.0 tons)
- Lithuania (17.2 tons)
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